Colombia: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Colombia

The Colombian market for manganites, manganates and permanganates, molybdates and tungstates surged to $X in 2021, picking up by 253% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Colombia

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were exported from Colombia; growing by 237% compared with 2020 figures. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates exports surged to $X in 2021. In general, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Colombia, with a 98% share of total exports. It was followed by Ecuador (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-28.6% per year) and Trinidad and Tobago (-35.4% per year).

In value terms, Venezuela ($X) remains the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from Colombia, comprising 41% of total exports. The second position in the ranking was held by Ecuador ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+9.4% per year) and Trinidad and Tobago (-13.4% per year).

Export Prices by Country

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, surging by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+53.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Colombia

In 2021, manganites, manganates, molybdates and tungstates imports into Colombia soared to X tons, growing by 278% on the previous year. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates imports skyrocketed to $X in 2021. Over the period under review, imports saw measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of manganites, manganates, molybdates and tungstates imports to Colombia, together comprising 90% of total imports. Belgium, Brazil and Peru lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +118.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest manganites, manganates, molybdates and tungstates suppliers to Colombia were India ($X), China ($X) and the United States ($X), together comprising 87% of total imports. These countries were followed by Brazil, Belgium and Peru, which together accounted for a further 9.3%.

Belgium, with a CAGR of +69.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, dropping by -15.3% against the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :